542 Pomegranate Avenue
SEBRING, FL 33870

Description

Just reduced $40,000! Great cash flow rental property with a CAP RATE of 16+% looking for new owners! Each unit has it's own public electric & water meter & hooked to sewer. Tenants pay their own utilities. Trash pick up is paid thru property taxes. Low monthly maintenance expenses! Tenants maintain their own yard space. Seller has put in $50,000+ in upgrades & maintenance in the last year to bring up quality of park & increase monthly rents. Tenants are on a 6 month lease period so rent can increase up to twice a year. There is a separate common Laundry facility with coined operated washer/dryer for tenants use. There is a current office unit that can be turned into an efficiency for rent. All units have range, refrigerator & window unit (a/c & heat). Age of mobile homes vary. All sizes are approximate.

Details

MLS#P4906041
Sub-TypeResale
StatusActive
Year1978
Days On Site61

Features

SQ Feet7,332
Units16
Building(s)16

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Area Information

StateFL
CountyHighlands
CitySEBRING
Zip Code33870
Area33870 - Sebring
Listing VS Median (in 33870)
Price:
$399,000
low | high
Med:
$23,000
100% of Average
SqFt:
7,332
low | high
Med:
0
100% of Average
$ / SqFt:
$54
low | high
Med:
$0
100% of Average
On Site:
61
low | high
Med:
52
100% of Average
Listing Updated: 07/19/2019
MLS Number: P4906041
Listing Provided By:
George Hayes, III  of  HOME PROS REALTY LLC

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